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Pharos Energy – Vietnam update mixed, but shares still further up and with tailwinds

By HotStockRockets | Saturday 20 November 2021

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Pharos Energy (PHAR) has announced completion of an infill development drilling programme in TGT field, Vietnam, noting “all four wells testing at rates in line with or ahead of pre-drill expectations” but also that a compressor issue is being investigated. So what’s the net result?

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